At any time prior to the issuance and delivery of a deed to any property sold under the provisions of this ordinance, such sold lot or parcel of land may be redeemed by the payment to the Board of Public Works of the amount for which the same was sold, with an additional penalty of one percent per month, until paid, of said amount of sale together with such other amounts as may be payable as provided for in this ordinance. Said one percent shall be added on the first day of each month following the date of sale of said property. Upon redemption from sale of any lot or parcel of land the fact and date of such redemption shall be reported to the City Engineer and shall be entered on the original and duplicate certificates of sale.
SECTION HISTORY
Added by Ord. No. 143,220, Eff. 5-25-72.
Amended by: Ord. No. 181,595, Eff. 4-10-11.